Average Time to Sell a House in New Mexico in 2021

Kristen Klempert

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Kristen Klempert

November 3rd, 2021
Updated November 3rd, 2021

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Getting ready to sell your New Mexico home? Here’s how long you can expect it to take — and some tips on how to speed things up (and still get a great price).

Time to sell a home in New Mexico

  • In 2021, the average time it takes to sell a home in New Mexico — from listing through closing — is approximately 94 days. That’s 59 days to get an offer, plus the typical 35-day closing period.
  • Key factors that impact New Mexico home sale timelines include local market conditions (e.g., buyer demand, job market, rising home values, etc.), time of year, and your property’s type and condition.
  • Your agent’s listing strategy (pricing, marketing, networking, etc.) and the buyer’s financing situation — i.e., the amount of time it takes for them to secure loan approval — will also influence how long your sale ultimately takes.

Read on to learn more about how long it takes to sell a house in New Mexico and get some pro tips on how to speed up your sale, get better offers, and save thousands in the process.

Editor’s Note: The data in this article may be slightly skewed because of COVID-19’s disruptive effect on 2020 real estate trends. See the table at the end of this article to compare data from 2020 and 2019 and see how drastically trends were affected in your state.

What’s the average time to sell a house in New Mexico?


Average Time to Sell*
Average Price*
National
86 days
$704,881
State
94
$482,364
*Based on Realtor.com Data (December, 2020)

The average time it takes to sell a house in New Mexico in 2021 is 94 days — 59 days to get an offer and an additional 35 days to close. This is approximately 9.3%slower than the national average. Keep in mind that these are annual averages and the numbers will vary by month and/or season.

Best time to sell a house in New Mexico

In addition to the average days on market and list price data, we’ve compiled data on the BEST (and worst) times to sell your New Mexico house based on what’s most important to you:

  • Fastest Time to Sell: When should you list your home if you’re looking to sell quickly?
  • Highest Sale Price: What month should you list in to get the best possible price for your home?

» LEARN: the best time to sell in New Mexico

Best month to sell a house fast in New Mexico


Month*
Days on Market**
Best Month
August
48 days
Worst Month
January
81 days
*Based on Realtor.com Data (December, 2020)
**Days on market doesn't include the amount of time it typically includes to close (about 35 days)

The best month to sell a house fast in New Mexico is August. The median time it takes for New Mexico homes listed in August to sell is 48 days, which is 11 days faster than the annual average.

» READ: a comprehensive guide on how to sell your house fast

Best month to sell a house in New Mexico for price


Month*
Average Price*
Best Month
September
$305,000
Worst Month
February
$279,250
*Based on Realtor.com Data (December, 2020)

The best month to sell a house in New Mexico in terms of sale price is September. The median sale price in September is $305,000, which is 5.1% — or $14,822 — more than the annual average.

Tips to get your New Mexico home sold

1. Price your home competitively

Nothing can kill the home sale like an overpriced, inflated number. A local real estate agent will provide a competitive market analysis (CMA) so you can get a better feel for what homes nearby sell for. Ensuring yours is priced to sell and to make you a profit.

2. Paint

If you need to sell fast, you might not have a ton of time for an entire overhaul or revamp. Check out trending color palettes and paint rooms accordingly. This inexpensive update can work wonders for the image of the home.

3. Xeriscape your lot

The first thing potential buyers see is the yard. New Mexico lacks water and precipitation. A lush yard that requires lots of watering may be a turnoff. Native desert plants that thrive in arid climates could be the ticket to increasing curb appeal.

4. Stage your home to sell

Hire a professional stager to use your furniture and décor, or rent a storage unit and store your stuff while the stager furnishes your home with neutral, appealing pieces.

5. Be accommodating

A flexible schedule will allow you to set tours, open houses, and private showings. The more people that see your home, the greater your chances are of selling.

Next steps for New Mexico home sellers

If you’re looking to sell your home fast in New Mexico and get a great price, Clever can help.

Clever negotiates reduced rates with top-rated real estate agents throughout New Mexico. Get full service and support for a flat $3,000 listing fee — or just 1% if your home sells for more than $350,000. You’ll still have to offer a buyer’s agent commission, per the standard rate in your area (typically 2.5-3%), but overall, you’ll still save up to 50% on standard commission fees.

» LEARN: more about low-commission real estate agents

Importantly, home sellers who list with Clever get their first qualified offer in an average of 24.1 days* — that’s 35 days faster than the average time to offer in New Mexico.

Sell your house fast and save thousands!

Work with a top local agent for a fraction of the typical cost.

*Average time to offer for Clever home sellers in 2020

Average time to sell in 2019


2019*
2020*
Average Time to Sell in New Mexico:
103 days
94 days
National Average:
80 days
86 days
Average Sale Price in New Mexico:
$398,750
$482,364
National Average:
$307,750
$704,881
Best Month for Speed:
June, with an average of 48 days on market
August, with an average of 48 days on market
Best Month for Price:
June, with an average sale price of $417,000
September, with an average sale price of $305,000
*Based on data gathered from Realtor.com and Zillow Data Center

Additional resources for New Mexico home sellers


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